Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-301falsetrue2022-07-01trueNo description of principal activity1The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08112653 2022-07-01 2023-06-30 08112653 2021-07-01 2022-06-30 08112653 2023-06-30 08112653 2022-06-30 08112653 c:Director1 2022-07-01 2023-06-30 08112653 c:RegisteredOffice 2022-07-01 2023-06-30 08112653 d:CurrentFinancialInstruments 2023-06-30 08112653 d:CurrentFinancialInstruments 2022-06-30 08112653 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 08112653 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 08112653 d:ShareCapital 2023-06-30 08112653 d:ShareCapital 2022-06-30 08112653 d:RetainedEarningsAccumulatedLosses 2023-06-30 08112653 d:RetainedEarningsAccumulatedLosses 2022-06-30 08112653 c:FRS102 2022-07-01 2023-06-30 08112653 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 08112653 c:FullAccounts 2022-07-01 2023-06-30 08112653 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
Registered number: 08112653




 





RGS (UK) LTD
 
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 30 JUNE 2023

 
RGS (UK) LTD
 

COMPANY INFORMATION


DIRECTOR
P. Ramler 




REGISTERED NUMBER
08112653



REGISTERED OFFICE
1st Floor Sackville House
143-149 Fenchurch Street

London

EC3M 6BN





 
RGS (UK) LTD
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 6


 
RGS (UK) LTD
REGISTERED NUMBER: 08112653

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

CURRENT ASSETS
  

Debtors
 4 
14,218
1,208,811

Cash at bank and in hand
  
2,519,229
805,162

  
2,533,447
2,013,973

Creditors: amounts falling due within one year
 5 
(2,547,603)
(1,940,514)

  

NET (LIABILITIES)/ASSETS
  
(14,156)
73,459


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
(14,256)
73,359

EQUITY SHAREHOLDER'S (DEFICIT)/FUNDS
  
(14,156)
73,459


The director considers that the Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Director's Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 January 2024




P. Ramler
Director


The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
RGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


GENERAL INFORMATION

RGS (UK) Ltd (registered number: 08112653), having its registered office at 1st Floor Sackville House, 143-149 Fenchurch Street, London, EC3M 6BN, is a private limited company incorporated in England and Wales.
The principal place of business is at 483 Green Lanes, London, N13 4BS.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to provide a Statement of Cash Flows on the grounds that it is a small company.

 
2.3

Going concern

At the Balance Sheet date, the company had net liabilities of £14,156 (2022: £73,459 net assets). The company relies on the support of the director. who are also a shareholders, who have confirmed that they will continue to support the company for the foreseeable future. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.

Page 2

 
RGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (continued)

 
2.4

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is British Pound Sterling (GBP).

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
RGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (continued)

 
2.6

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
 
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. 

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price. 

Page 4

 
RGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (continued)

 
2.10

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
RGS (UK) LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


DEBTORS

2023
2022
£
£

Amounts falling due within one year

Trade debtors
-
52,434

Other debtors
14,218
-

Prepayments and accrued income
-
1,156,377

14,218
1,208,811



5.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,248,468
417,537

Corporation tax
-
14,218

Other taxation and social security
4,835
90,071

Other creditors
281,700
1,410,088

Accruals and deferred income
12,600
8,600

2,547,603
1,940,514



Page 6